Dream Finders Homes (NASDAQ:DFH) Sees Unusually-High Trading Volume

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) saw strong trading volume on Thursday . 16,719 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 233,510 shares.The stock last traded at $16.63 and had previously closed at $16.20.

A number of research analysts recently weighed in on the stock. Zelman & Associates raised shares of Dream Finders Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, September 15th. Zacks Investment Research downgraded shares of Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Monday, August 16th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.25.

The business’s 50-day moving average price is $19.77 and its 200 day moving average price is $22.92.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Monday, August 9th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12). The firm had revenue of $365.28 million for the quarter, compared to the consensus estimate of $507.67 million. The firm’s quarterly revenue was up 82.8% on a year-over-year basis. On average, equities analysts anticipate that Dream Finders Homes, Inc. will post 1.7 earnings per share for the current year.

In related news, major shareholder Omaha Corp Boston sold 26,725 shares of Dream Finders Homes stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $19.53, for a total transaction of $521,939.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,289,720 shares of company stock valued at $23,166,753. Insiders own 75.92% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new stake in shares of Dream Finders Homes during the 2nd quarter worth about $202,000. Rokos Capital Management LLP acquired a new stake in Dream Finders Homes in the 1st quarter worth about $1,200,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Dream Finders Homes in the 1st quarter worth about $11,616,000. BlackRock Inc. acquired a new stake in Dream Finders Homes in the 1st quarter worth about $4,353,000. Finally, Citadel Advisors LLC acquired a new stake in Dream Finders Homes in the 1st quarter worth about $297,000. 8.65% of the stock is owned by institutional investors and hedge funds.

About Dream Finders Homes (NASDAQ:DFH)

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. The company designs, builds, and sells single family attached and detached homes in Jacksonville, Orlando, Denver, the Washington DC metropolitan area, and Austin, as well as in Charlotte and Raleigh.

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